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VRA Letter: Update from the Road. Market Internals Solid. Golds Move Just Getting Started.

Good Tuesday morning. As those that know me well can attest, one of my least favorite things is being away from home base during the trading week.  By watching the markets closely, daily, you develop a feel for the markets. Long ...

Posted On April 09, 20243 MIN Read
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Good Tuesday morning. As those that know me well can attest, one of my least favorite things is being away from home base during the trading week. 
By watching the markets closely, daily, you develop a feel for the markets. Long time traders will know what I’m talking about. 

So, whenever I’m on the road for a few days, there are basic indicators that we check…from the VRA Investing System…that keep us focused on what matters most. 

Here’s one of those key indicators. Below are today’s market internals. This snapshot was taken with the Dow -200 points and Nasdaq -75. 

What we see below are solid positives across the board, from advance/decline, to 52 week high/lows, to up/down volume. 

If you’re bearish, these readings are exactly the opposite of what you want to see…certainly with the markets showing some weakness.  

  

Gold continues to hit fresh ATH’s. Last $2365/oz. Seems that everyone is trying to find reasons for this move, so I’ll keep it simple. 

Gold is...

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